Indian economy to grow at 9.5% this year, 8.5% in 2022: IMF

The International Monetary Fund has said that India's economy is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022.

India's economy, which contracted by 7.3 per cent due to the Covid-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to latest projections released by the International Monetary Fund on Tuesday.

India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.